00:00Quiznos permanently closes 4.5 thousand restaurants in largest sandwich chain shutdown in U.S. history.
00:08Once rivaling Subway with nearly 5,000 locations, America's second largest sandwich chain rapidly expanded, then collapsed, leaving thousands of Quiznos stores shuttered and unnoticed nationwide.
00:20At its 2007 peak of 5,000 locations, Quiznos sold subs, but Subway's $5-foot-long slashed prices, shifting customers to cheaper sandwiches, wrecking the brand.
00:33Quiznos' franchise model hastened its fall, forcing owners to buy costly supplies, enriching corporate revenues while franchisees earned less and struggled compared with Subway operators.
00:44By 2008, Subway's $5 deal, the financial crisis, and $875 million debt converged, triggering lawsuits and mass closures, hundreds yearly, while Quiznos couldn't halt the death spiral.
00:58Quiznos filed bankruptcy in 2014 with $875 million debt, managing decline not recovery, as locations fell from 2,100 to under 150 by 2025.
01:10Closures varied by region. Some lost 90% of stores. Former strongholds became ghost networks. Markets shrank to two locations. Franchisees went bankrupt. Families lost savings.
01:24With thousands of closures, up to 112,500 jobs vanished. Many first-time or long-time workers received no warning, severance, or final pay when Quiznos stores shut abruptly.
01:37Though Subway closed 7,600 stores, it lost 28%. Quiznos lost 97%, collapsing from 5,000 to 148, proving why Subway still dominates.
01:51ABA investigations in 2014 to 2015 exposed exploitative franchise practices.
01:58By 2025, Quiznos was deemed a cautionary tale, its collapse driven by corporate greed, not markets.
02:05Rarely discussed, Quiznos' collapse eroded franchise trust.
02:10After 2014, sandwiched franchise applications fell 35%, hurting competitors and poisoning confidence across the entire category.
02:20In 2011, franchisee Kevin Tackett urged profit reforms, management ignored warnings, lawsuits followed, trust collapsed, and closures accelerated from dozens monthly to hundreds by 2015.
02:32Quiznos' collapse saw repeated ownership changes, debt-heavy buyouts, fragmented control, and revolving CEOs, leaving no clear strategy as each owner planned exit overgrowth.
02:45From 2020, Quiznos rebranded with new menus and premium pricing, but stigma lingered.
02:52Landlords avoided it, forcing a downgrade to convenience store kiosks by 2024.
02:57Analysts doubt recovery.
02:59By 2025, Quiznos runs 148 stores, down 97%, with Shattered Franchise Trust, branded a zombie chain, alive, but irrelevant.
03:11Quiznos' collapse questions hidden franchise failures, exposing weak regulation, 4,850 closures, 67,500 lost jobs, and a model prioritizing extraction over survival, proving the system itself failed.
03:28Quiznos' help arbitrage Société Radio-Canada
03:29Quiznos' проблемыでよってもらう,人が高評価が多い,必要なアディアのステンサーだと考えてもらうと思う usarのワイヤーのアウトを待たさせた者の数字は、
03:30Quiznosが勝利しない、されると注意が多いですね。
03:32Quiznosの会社員のトレード裁員は、このフィニクアな機関を、ソ連搭を割している。
03:34Quiznosが不明確に、サービスのワイヤーのアウトを見ることに徐々せば、
03:36Quiznos' relationalのライバーの成功を前進しており、
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